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AI Business is the only global media, events, research and training organisation specialising in Artificial Intelligence for the business world. With exclusive independent and expert content across both digital and live platforms, it enables its community to better implement, deliver and develop artificial intelligence strategies for their organisations.

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Founded in 2014, AI Business is the world’s first and foremost content portal for artificial intelligence and its real-world applications in enterprise and the business world. We have grown to become the most visited news portal in this space, with an audience of over 40k monthly readers, as well as maintaining the market-leading AI for Business LinkedIn and Facebook groups with a cherry-picked membership list of global business leaders.

No longer is artificial intelligence the domain of futurists and technologists—it is a reality that every business must face up to today. As AI reaches unprecedented levels of adoption across industries, the conversation around this nascent technology is moving fast.

With our exclusive access to the global C-Suite and the leading lights of the technology world, it is our aim to bring our readers up-to-the-minute insights into how AI is transforming the economy—and our societies—today. From breaking news to in-depth interviews and features, our content is designed to break down the implications of AI in all of its forms.

Like the conversation around AI itself, AI Business has come on in leaps and bounds in the last year. Following our full-scale overhaul in the winter of 2018, we have developed entirely new content formats and premium offerings in order to deliver market-leading insights into the future economy. Our YouTube channel, AIB TV, aims to bring our followers exclusive content from across The AI Space, while the new infographics, webinars, and research papers we are developing in tandem with Tractica gives business leaders the knowledge and resources they need to become true market leaders in the AI space.

Canadian Government Invests C$170m Into the Future of AI

The Canadian government has confirmed their intentions to become one of the world leaders in AI by investing a reported C$170m into the Vector Institute, which will conduct research into the new technology.

A lot of governments are now clambering to become the world leaders in AI. For instance, the UK government revealed their plans to invest £17m into artificial intelligence. Yet the Canadian government’s recent investment in the new technology makes the UK’s seem rather pitiful. Canada has launched a C$170m ($127m) investment into the Vector Institute, which will be hosted by the University of Toronto.

This institute’s main aim will be to work with universities and tech companies to enhance our understanding of AI, and in turn, be part of its progress by helping AI start-ups and more established companies benefit from their research into the new technology.

The race to acquire the best experts in AI has already begun, and since there’s such a lack of them, companies like Facebook are starting to develop talent from within their own ranks by setting up AI classes for their employees. Many of these companies have been looking to academia for talent and have poached key researchers and lectures such as Andrew Ng, who incidentally recently left his position at Baidu.

The Vector Institute has been backed by both the Canadian and Ontario governments, and other sponsors have managed to raise an extra C$80m. Some of these contributing sponsors include Accenture, BMO Financial Group and Google.

In a phone interview with the FT, Ed Clark, who will be the inaugural chair of the Vector Institute, spoke of their determination to make Canada a hub for AI. “We want to put Toronto on the map,” he revealed. “We want to produce more PhDs in AI than any university in the world.”

Mr. Clark, who before he accepted his new role at the Vector Institute, was the Chief Executive of Canada’s TD Bank Group, spoke of how the US’ recent stringent anti-immigration laws may attract AI talent from all over the globe, including Silicon Valley itself, to The Great White North.

“The unfortunate situation in the US probably means that our probability of success is higher,” he articulated. “Canada is going to be open, and celebrate intellectuals and diversity.”

Mr. Clark went on to explain how one of the key areas they’ll be looking into is how AI can help healthcare, since Canada and Ontario has an ever expanding population.

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